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  Introduction In today's update, we'll explore a powerful indicator to measure Bitcoin's bull runs. When this indicator turns green on a weekly timeframe chart, it signals a bullish trend. Conversely, when it turns red, it indicates a long-term bearish trend. Let's dive into the current market conditions and analyze some key indicators.   Supertrend Indicator:   Historical Performance of Supertrend Indicator:   Green Signal : Indicates a bull run. For example, in May 2019, the indicator turned green, signaling a bullish trend that followed until a brief period of red during the COVID-19 crash. Red Signal : Signals a bearish trend. Historical data shows significant drops during these periods, such as the long bearish trend post-December 2017.   ADX and Directional Movement Index The Average Directional Index (ADX) and the Directional Movement Index (DMI) provide additional insights: Negative Directional Index (Red) : Currently crossing above the Positive Directi...

  Introduction Hey friends, hope you're well! Welcome to the new update on Bitcoin. In this article, we will analyze the latest movements in Bitcoin, focusing on the Fear and Greed Index, bullish divergence signals, and exchange reserves. This analysis is based on the latest trends observed in the market.   Fear and Greed Index Analysis In my earlier video shared a few hours ago, I highlighted that fear in the market has increased. The Fear and Greed Index had dropped to 29, the lowest value since September 2023. As of today, it has decreased further to 26, reaching the lowest values since January 2023.   Historical Comparison By placing a trend line and looking back to January 2023, we can see that similar low values were observed. During that time, bulls took it as an opportunity and started buying, leading to a massive rally. We are now touching those levels again, suggesting a potential opportunity for a similar rally.   Bullish Divergence and Price Movement In t...

  Introduction Hey friends hope you are well and welcome to the new update on Verasity. Previously I discussed the formation of another down channel on the daily timeframe chart. This article will provide an update on the recent movements of VRA and analyze its current position. Recent Developments In the last 24 hours, VRA has once again reached the resistance of the down channel. Additionally, it has broken out of a significant long-term resistance at $0.0035. On the weekly timeframe, this $0.0035 level has previously acted as a strong support, and now on the daily timeframe, it has broken out and is retesting the previous resistance as support. Technical Analysis   Daily Timeframe Chart VRA was previously moving inside a wedge pattern. After breaking out of the wedge, the target was set at approximately $0.0088, which the price surpassed. The price then encountered a long-term downtrend line resistance forming a new channel. A double bottom was formed at the $0.00280 suppor...